KMG Fiduciary Partners LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

KMG Fiduciary Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,853 shares of the e-commerce giant's stock after purchasing an additional 2,801 shares during the quarter. Amazon.com makes up approximately 2.8% of KMG Fiduciary Partners LLC's portfolio, making the stock its 5th largest holding. KMG Fiduciary Partners LLC's holdings in Amazon.com were worth $32,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com in the second quarter valued at approximately $77,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, November 1st. UBS Group raised their target price on Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Wedbush upped their price target on Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a report on Friday, November 1st. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares of the company's stock, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,054,586 shares of company stock worth $1,256,749,526 in the last three months. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.4 %

AMZN stock traded up $2.91 during trading on Tuesday, reaching $204.61. 30,921,727 shares of the stock were exchanged, compared to its average volume of 41,560,453. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The firm's 50 day moving average is $192.19 and its 200 day moving average is $186.06. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.15 trillion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.